HousingHandbookReference data

U.S. ZIP Code · AZ85054

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$723,404[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.0%
5-year / yr
+6.0%
10-year / yr
+5.5%

Relative price

vs U.S.
+154.7%
vs metro
+62.2%
vs state
+85.9%
ZIP 85054 location in AZ
Location of ZIP 85054 in AZ

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 85054 is worth $723,404 — 62.2% above the Phoenix-Mesa-Chandler, AZ median. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,956 a month — a 3.2% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,956[2]
Gross yield
3.2%[2]
Cap rate
1.9%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$4,019[3]

#Climate risk

FEMA National Risk Index ratings for Maricopa County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very High[4]
Riverine flood
Very High
Coastal flood
Not Applicable
Wildfire
Relatively High
Drought
Relatively High
Heat wave
Very High
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Moderate
Winter weather
Relatively Low

#Who lives here

Population
10,346[3]
Median household income
$91,507[3]

#Migration

Household moves in and out of Maricopa County over a year, from IRS tax-return data.

Net migration
+5,261[5]
Moved in
91,952
Moved out
86,691

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield3.2%
Net yield (after ~40% expenses)1.9%
Annual rent$23,466

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$3,658
Loan principal$578,723
Down payment$144,681
Total interest paid$738,129

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio2.35
Monthly cost to own$4,598
Monthly rent$1,956

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
91st percentile[1]
Rental yield
5th percentile[2]
Property tax
88th percentile[3]

Frequently asked

How much is a home worth in ZIP code 85054?
The typical home in 85054 is worth $723,404, based on the Zillow Home Value Index.
Are home values rising in 85054?
Home values in 85054 are up 1.0% over the past year, and up 6.0% a year over five years.
What is the typical rent in 85054?
A typical home in 85054 rents for about $1,956 a month, a gross rental yield of 3.2%.
What is the property tax rate in 85054?
The effective property tax rate in 85054 is 0.6% — roughly $4,019 a year on a typical home.
Who lives in 85054?
ZIP code 85054 has a population of 10,346 and a median household income of $91,507.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Scottsdale, AZ

    Typical home
    $722,145
    Gross yield
    3.5%
  • Tempe, AZ

    Typical home
    $717,223
    Gross yield
    4.6%
  • Phoenix, AZ

    Typical home
    $707,597
    Gross yield
    4.9%
  • Gilbert, AZ

    Typical home
    $687,199
    Gross yield
    4.4%
  • Chandler, AZ

    Typical home
    $682,409
    Gross yield
    4.8%
  • Fountain Hills, AZ

    Typical home
    $674,010
    Gross yield
    4.1%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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